#BTCUSD Favored - Although this expression of #LTC vs. #BTC has remains tightly wound to a rising momental line, multiple negative divergences have formed at this point, threatening to pressure the dueling pair downward, in favor of #BTCUSD.
Looking at the recent #bitcoin charts I posted recently, this provides additional credence to the outlook which continues to qualify recent $BTCUSD charts.
David Alcindor | 4xQuad.com
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In this particular case,
Overhead resistance (red dashed line) remains an important "physical" reference, but the floor remains open for further decline as indicated before.